PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Capital and Credit Watch

July 1st, 2024 by

CASH IS KING (of Hidden Costs) Average cost of cash acceptance at a bar, restaurant surpasses 15%. Card and electronic payment options offer savings for many businesses, convenience and safety for consumers. More businesses are shifting to cashless payment models. For many businesses, cash can be more costly, less secure, and inconvenient than electronic payments.  […]

June 13th, 2024 by

In a new OP-ED, SBE Council president & CEO Karen Kerrigan writes that policy predictability is needed for small businesses in order to navigate current headwinds and thrive in the long term. Unfortunately, various federal government agencies are pumping out new rules and regulations that not only fuel uncertainty, but if fully enacted raise small […]

February 11th, 2024 by

by Raymond J. Keating – A new study confirms that the Credit Card Competition Act, which would impose routing mandates for credit card transactions, would inflict harm on small businesses. SBE Council has warned: “The mandates would drive billions of dollars from the credit market and force financial institutions to reduce crucial lending to entrepreneurs […]

February 2nd, 2024 by

Open Letter to World Trade Organization Members: Supporting Micro, Small, and Medium-Sized Business and Startup Growth and Job Creation by Making the WTO Moratorium on Customs Duties on Electronic Transmissions Permanent The undersigned, representing a broad and diverse global community of micro, small, and medium-sized (MSME) business entrepreneurs and startup innovators collectively urge World Trade […]

January 16th, 2024 by

The Honorable Jerome Powell Chairman Board of Governors of the Federal Reserve System 20th Street and Constitution Ave. NW Washington, DC 20551   The Honorable Michael Hsu Comptroller Office of the Comptroller of the Currency 400 7th Street SW, Suite 3E-218 Washington, DC 20219   The Honorable Martin Gruenberg Chair Federal Deposit Insurance Corporation 550 […]

November 9th, 2023 by

Federal Reserve Board actions and policies are taking a painful toll on small businesses. First, the consequences of unprecedented loose monetary policy have come home to roost. Rather than vastly reigning in supply, the Fed quickly jacked up interest rates, which is causing angst and financial pain for small businesses. Furthermore, in response to the […]

October 19th, 2023 by

SMALL BUSINESS INSIDER by Raymond J. Keating – Free enterprise is just as much about cooperation between businesses as it is about competition. My recent visit to Seattle for the Amazon Accelerate conference made clear that economic and business reality, as Amazon partners with small business sellers that account for more than 60 percent of […]

September 12th, 2023 by

The Honorable Patrick McHenry Chairman, Committee on Financial Services U.S. House of Representatives Washington, DC 20510 Dear Chairman McHenry: The undersigned organizations, representing millions of small businesses operating in every community across the country, write in strong support of the Protecting Small Business Information Act of 2023 (H.R. 4035). By delaying the Corporate Transparency Act’s […]

August 16th, 2023 by

Lyric Jorgenson, PhD Acting Associate Director for Science Policy National Institutes of Health Office of Science Policy 6705 Rockledge Dr #750 Bethesda, MD 20817   Dear Director Jorgenson, On behalf of the Small Business & Entrepreneurship Council (SBE Council), I’d like to thank you for the opportunity to submit comments regarding the themes discussed at […]

August 9th, 2023 by

by Raymond J. Keating – The latest U.S. trade data are deeply troubling. The first estimate of GDP (i.e., gross domestic product) for the second quarter saw real exports plunge by 10.8 percent (annualized, seasonally adjusted). For good measure, real imports declined by 7.8 percent. The trade report from the U.S. Bureau of Economic Analysis, […]

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